Happy Friday good degens! Lots of stuff going on!
Let’s dive in!
As always… stats/alerts/etc at top and tweets/news/links/videos/etc at bottom… and all tweets are hyperlinked so just click on them to pull them up on Twitter!
Market Update
Crypto (from @CryptoBubbles):
Total Crypto Market Cap: $2.69T
Gold: $2702.60
Oil (WTI): $71.20
US 10Y Treasury: 4.322%
Biggest Price Movers
(From @coingecko top 1000, by 24 hour change)
Spotlight
Animal spirits have returned to the markets and yields are surging good anons!
And you can benefit directly via @vertex_protocol!
Yield-appreciatoors are earning big on Vertex right now, as the next bull market kicks into high gear!
You can benefit by 1) LP’ing, and 2) staking VRTX to earn substantial yield paid out in $USDC! (+ benefit from the VRTX buyback and burn program!)
And- as always- traders can take advantage of 50+ different perps and spot markets available across a wide range of chains thanks to Vertex’s gigabrain cross-chain liquidity infrastructure @EdgeLayer!
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Biggest TVL Movers + Else
Chains are quite green again today. Fastest-growing chains on the weekly with at least $30M TVL are Taiko, re(dot)ai, and Bitcoin.
Protocols are quite green as well. Fastest-growing protocols on the weekly with at least $30M TVL are Sora yield protocol Ceres Demeter, uncategorized multichain protocol Bedrock, Binance Staked SOL, Cardano lending protocol Liqwid, and multichain liquid-staking protocol Veno Finance.
Here’s The Top 12 Chains By TVL (from @DefiLlama):
Here’s The Top 12 Protocols By TVL (from @DefiLlama):
Here’s The Top 12 Entities By 24 Hour Revenue Generation (from @DefiLlama):
Bitcoin Fear/Greed Index:
(from @BitcoinFear)
New Projects
(note: this includes new projects we find through combing Twitter each day, and we also include or re-include every newly launched protocol added by @DefiLlama that has at least some TVL or is followed by at least some of our mutuals - hence disclaimer: these are not pre-vetted by us so make sure to DYOR!)
-Something new called @osmi_ai. Twitter bio states “The first truly bias-free, censorship-resistant conversational AI, powered by the decentralized AI engine. Public beta is live, try it now!” Followed by 6 of our mutuals. h/t @AresLabs_xyz:
-Something new called @fan_dot_fun. Twitter bio states “Fun spaces meowing to you very soon, on HyperEVM.” Followed by 6 of our mutuals. h/t @AresLabs_xyz:
-New/newish project categorized as a Bitcoin bridge called @exSatNetwork has been added to @DefiLlama. Twitter bio states “exSat Network ( $XSAT ) is a scaling solution that aims to expand and foster growth for the $BTC Ecosystem without sacrificing Bitcoin's ideology.” Followed by 8 of our mutuals.
Top Stablecoin Yields
(note: these are the top Stablecoin Yields, sourced from @DefiLlama (single-exposure, no-IL, $20M+ TVL only) - note: these lists are just raw data, make sure to always DYOR before interacting with any/all protocols)
Security Alerts
-No security alerts today.
Important News And Analysis
(key news, twitter threads, articles, videos, etc from last 24 hours)
-The Fed lowered interest rates again yesterday, for the second time so far in this cutting cycle, h/t @KobeissiLetter:
-Market thoughts from @DaanCrypto:
-CT legend @cobie has returned to his original “bull market” pfp, generating massive attention on the TL:
-Market thoughts from @pythianism:
-The 2025 Permissionless Conference will now be taking place in the US, h/t @MikeIppolito_:
-Over three million tokens have now been launched on pumpdotfun, h/t @NPC_68:
-Popular up-and-coming project QUIL has finally created an official twitter account, h/t founder @cass_on_mars below:
-Interesting macro chart on electricity prices by country generated much attention over the last 24 hours, h/t @AlecStapp:
-Thoughts on ETH and SOL from @QwQiao:
-Additional headlines c/o @cryptoIntegrat:
-Bullish sentiments c/o @sandraaleow:
-New weekly rollup video from @BanklessHQ going over all the top stories in crypto:
-Interview with Circle/USDC founder @jerallaire from the @coinbureau channel:
-New @JackFarley96 video discussing yesterday’s Fed rate cut and Jerome Powell’s comments:
-New @TaikiMaeda2 video on pivoting to memecoins:
-Parting wisdom c/o @DeFiDave22:
Conclusion
Have a great Friday good degens and stay alert out there!
And please RT/subscribe/etc if you found this valuable!
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Note
Important article from the team at @silentdao_ as they continue to develop their revolutionary on-chain privacy architecture!
The article:
“...delves into alternative strategies for mitigating illicit activity within privacy-focused ecosystems and explores the intricate cryptographic mechanisms underpinning the Silent Compliance VM.”
This compliance variable is one of the most fascinating (and challenging) aspects of what Silent is attempting to build, so make sure to check out the article by clicking here now!
And once again, our editor @rektdiomedes is helping bang the drum about everything Silent has been building, so make sure to follow them on Twitter for more updates!
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***Note On Material: The ‘Spotlight’ and ‘Note’ sections and info on our Official Monthly Sponsor are the only parts of The Daily Degen that are sponsored/promotional. Everything else is chosen 100% organically based on what info/stories/etc seem likely to be the most newsworthy/important/valuable to readers.